CCI Holdings closed at 16c back in mid February. Since then it announced it's first results free from abnormal writedowns, and has seen a heavy amount of director share purchases both on and off the market.
The stock has traded today at 24.5c up a very healthy 53% in the past 10 weeks. Yet the stock is still just trading on a P/E of 11 times it's earnings for the first 6 months of this FY, with growth foreshadowed by the board for the next 5 years.
This company is playing catch-up to the rest of it's booming mining service sector stocks, after it endured a lengthy period of writeoffs while other stocks were gaining ground with the resources boom.
This company will continue to outperform the all ords and even the strong resources sector stocks for some time yet. (Look for it to obtain a P/E in the range of 15-20)
CHL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)